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Strongbow Extends Amended Share Purchase Agreement and Date for AIM Listing18.06.2019 | 21:00 Uhr | GlobeNewswire
VANCOUVER, June 18, 2019 - Strongbow Exploration Inc. (TSX-V: SBW) (“Strongbow” or the “Company”) is pleased to announce that the requirement for the listing on the AIM – London Stock Exchange under the amended Share Purchase Agreement (“SPA”) with Galena Special Situations Master Fund Limited (“Galena”), and Tin Shield Production Inc (“Tin Shield”) regarding the South Crofty tin project, has been extended to December 31, 2019 (please refer to news release dated March 28, 2018 for details). Richard Williams, Strongbow CEO, stated “We would like to thank Galena and Tin Shield for their continued support with this extension, and their recognition of the good work we have completed in advancing South Crofty to where it is today. We continue to work on the AIM listing and securing the funding to complete the construction of the water treatment plant and the commencement of dewatering the mine.” ABOUT SOUTH CROFTY South Crofty is an iconic former producing copper and tin mine located in the towns of Camborne and Pool, Cornwall, England. The first documented production history from South Crofty dates back to 1592, and it was the last tin mine to close in Cornwall in 1998. Strongbow published a NI 43-101 Mineral Resource Estimate on the project on April 19, 2016 (see Technical Report here), and published a NI 43-101 Preliminary Economic Assessment on the project on February 16, 2017 (see Technical Report here). The project is permitted, having received an Underground Permission (mining licence) in 2013, which is valid until 2071, and Planning Permission to construct a new process plant in 2011. In October 2017, Strongbow was successful in securing a Water Discharge Permit allowing for the dewatering of the now flooded mine workings. In January 2018, the Company completed the sale of a 1.5% Net Smelter Returns Royalty to its largest shareholder, Osisko Gold Royalties Ltd., for C$7,170,000. Strongbow is now focused on completing the listing on the AIM Exchange and construction of the water treatment plant so the mine can be dewatered. Strongbow plans to bring the project to a production decision and complete a feasibility study in parallel with the mine dewatering process. For additional information please contact: Irene Dorsman at (604) 210 8752 or by e-mail at idorsman@strongbowexploration.com or Sherman Dahl of Pretium Communications at (250) 558 8340.
“Richard D. Williams” Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains "forward-looking statements" which are based on management’s best estimates and assumptions at the time the forward-looking statements are made. Certain disclosures in this news release relating to management’s plans to list on AIM in 2019, to amend the terms of the SPA as well as our ability to comply with the terms of the amended SPA, in addition to statements related to our ability to complete a feasibility study, make a production decision for South Crofty and secure project financing for mine construction are all forward-looking statements which are subject to numerous risks, uncertainties, and other factors related to Strongbow’s operation as a mineral exploration company that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Dieser Artikel stammt von Rohstoff-Welt.de
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